ABSTRACT
Finally, this chapter looks at the occupation of property as an element of the business plan, where it is held and occupied not as an investment but as a factor of production. Most private sector companies, public bodies, charities and ‘not for profi t’ organisations make use of land and buildings in their operations. Land and premises represent an essential element in the operation of the organisation and often represents a signifi cant part of the outgoings. Its management and control is therefore important. Apart from an awareness of the nature and extent of the premises used, information on their tenure and fi nancial details including core and attendant costs including maintenance must be held. It should be recognised that appropriate professional advice is advisable in acquisition and disposal and preferably in management also. The overall use of real estate should be planned, managed and reviewed on a regular basis as part of its contribution to the long-term effi ciency of the group.
